The Future Coin

Bitcoin

$35,492.03

BTC -1.17%

Ethereum

$1,356.97

ETH -0.81%

XRP

$0.29

XRP -0.24%

Litecoin

$149.38

LTC -1.69%

EOS

$2.77

EOS -0.72%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Opinion

Halve it Your Way… – Blockchain News, Opinion and Jobs

by The Future Coin
May 19, 2020
in Opinion
0
Halve it Your Way… – Blockchain News, Opinion and Jobs
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Michael Terpin - Halving

by Michael Terpin,

Recently, the bitcoin halving took place. Specifically, the new supply of daily bitcoin entering the market was cut in half for the third time in history at about 7:30 pm UTC. In a prescient act of historical proportion, the final block of the third era of bitcoin had the following message added to it by miner f2pool: NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.

This is an homage to the Genesis Block in January 2009 (the first block of the first four-year era of bitcoin, where 50 bitcoin were available as the reward every ten minutes for securing the block), which was a headline from the Times of London: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

As many of you know, the era of 50 bitcoin blocks ran for about four years, from January 2009 – November 2012, when the code kicked in and reduced the block reward by half: to 25 BTC every ten minutes. Nobody was quite sure what this would mean, but in theory the smaller supply with constant or growing demand would lead to an increase in price. It did, in November 2013, when the price on MtGox shot up to around $1200, a 100x return in one year.

Following a huge correction that sent prices back down to $200 for much of early 2015, the Second Halving took place in July 2016 at just over $600. By the end of 2017, the “supply shock” and retail interest combined to send the price to nearly $20,000 in December. One year later, the price was under $4,000 (surrounded by the perennial choruses of “bitcoin is dead”).

This week, we had the Third Halving, and the price miners have received per block since July 2016 of 12.5 BTC every ten minutes has been cut in half again to 6.25 BTC every ten minutes (a mere 900 bitcoin a day, compared with 7200 per day for most of 2012). If history repeats (or at least, as Mark Twain puts it, “often rhymes”), we should be looking at another supply shock in mid-2021 to early 2022 (I’m pegging late 2021). This halving price was about $8,600 per bitcoin. Estimates of the next all time high range from a conservative $30,000 to an adventurous $228,000 (I’m personally estimating about $85k).

We can expect plenty of volatility in between now and then – and surely another crash after the next all-time high as retail investors get punished, like Pegasus, for getting a little too close to the sun. Throw in the excess trillions created by the great fiat money printing machine and the collapsing third world economies who cannot easily inflate their monetary base, and it’s going to be a wild ride.

If you’ve read this far, you’re probably going to be interested in the incredible Power Panel of experts I’ve lined up to discuss the aftermath of the Third Halving on Wednesday, May 20, at 10 am pt / 1 pm et. This will be our second CoinAgenda Virtual conference and it will kick off with a fireside chat with the “Oracle of Bitcoin” himself, Vinny Lingham, who I first met in May 2013 when he was the only person in a room of experts to predict that bitcoin would hit $1,000 by the end of the year (it was $120 that day); he also correctly predicted the bear market of 2014-15 and many other accurate forecasts. In his day job, he is an incredible serial entrepreneur, CEO of Civic and a General Partner at Multicoin Capital.

Following this, I will moderate a panel on the impact of the halving on bitcoin price and dominance with three of the brightest and most accomplished people I could ask to have on a panel, much less one on this topic: Catherine Coley, CEO, Binance US; Matthew Roszak, founding partner of Tally Capital, chairman and co-founder of Bloq; and Tone Vays, legendary bitcoin trader and YouTube personality. The first 50 tickets are free and the event is limited to 100 attendees. You should hurry and book your seat now (Please use the code MTVIP to get in free).

While we await the slow, safe reopening of society, we will continue monthly events for both CoinAgenda and for BitAngels. We are still hopeful that we can hold our 7th Annual CoinAgenda Global in Las Vegas on October 24-25, wedged in between World Crypto Con and Money 20/20. Our tentative location is at UNLV, and attendance will likely be limited to 150 people. It’s five months from now, so stay tuned for updates.

The PR division of Transform Group recently signed up three new retainer clients: Brave New Coin, NGRAVE (also for advisory services), and Telos Foundation. We also generated great media coverage for our client B21 on the launch of their cryptocurrency investment and portfolio management app. (And just to show we “eat our own dog food,” we generated stories in Bloomberg, NY Times, Gizmodo, Reuters and many other publications for my RICO Act suit against the teenage ringleader of the cyber gang that hacked me in early 2018.) My separate case against AT&T is still working its way through the courts.

It’s the seventh anniversary of BitAngels (I’ve written about this occasion on my Medium channel)! Please visit us at www.bitangels.network and attend our events this week, including our third “Best of the Cities” event on Friday, May 22.



Also published on Medium.

Michael Terpin: Halve it Your Way…
Michael Terpin is CEO of Transform Group, whose divisions include Transform PR, a global public relations firm whose 200 clients have included Augur, Bancor, Dent, Ethereum, Neo and OKEx; CoinAgenda, a global event series for cryptocurrency investors, and Transform Strategies.

Transform Group is based in San Juan, PR, with offices in Santa Monica, Las Vegas, Silicon Valley, NYC, and Toronto. Transform Group also owns a blockchain incubator/accelerator in Hamilton, Bermuda. Terpin also co-founded BitAngels, the world’s first angel network for digital currency startups, in May 2013. Previously, Terpin founded Marketwired, one of the world’s largest company newswires, now a division of Apollo Global Management (NYSE: APO).

Terpin holds an MFA from SUNY at Buffalo and a dual BA in journalism and English from Syracuse University, where he serves on the board of advisors at the Newhouse School. Terpin is also an active investor and advisor.

Michael Terpin: Halve it Your Way…
Latest posts by Michael Terpin (see all)



Source link

EDITOR’S CHOICE

Cryptoradar helps you find and compare crypto exchanges in Australia

Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum | Currency News | Financial and Business News

Here’s Why Cryptocurrency Stocks Got Whacked Today

Blockchain Technology in the Healthcare Market Analysis Reveals Key Drivers, Top Vendors Profile, Industry Size & Growth Trends through 2027

Wintermute Raises $20M Series B Funding from Lightspeed Venture Partners and Pantera Capital to Scale its OTC, Derivatives and Asian Operations | Business

Bitcoin is ‘most crowded’ trade: survey

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 35,049.00
ethereum
Ethereum (ETH) $ 1,326.54
tether
Tether (USDT) $ 1.00
polkadot
Polkadot (DOT) $ 17.56
ripple
XRP (XRP) $ 0.292087
cardano
Cardano (ADA) $ 0.368338
litecoin
Litecoin (LTC) $ 147.66
bitcoin-cash
Bitcoin Cash (BCH) $ 492.01
chainlink
Chainlink (LINK) $ 21.31
stellar
Stellar (XLM) $ 0.290113
binancecoin
Binance Coin (BNB) $ 41.88
usd-coin
USD Coin (USDC) $ 0.997733
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 34,930.00
bitcoin-cash-sv
Bitcoin SV (BSV) $ 196.63
monero
Monero (XMR) $ 150.91
eos
EOS (EOS) $ 2.76
aave
Aave (AAVE) $ 189.16
tezos
Tezos (XTZ) $ 2.88
vechain
VeChain (VET) $ 0.033876
havven
Synthetix Network Token (SNX) $ 15.47
tron
TRON (TRX) $ 0.030209
nem
NEM (XEM) $ 0.235754
cosmos
Cosmos (ATOM) $ 8.75
theta-token
Theta Network (THETA) $ 1.99
uniswap
Uniswap (UNI) $ 8.77
crypto-com-chain
Crypto.com Coin (CRO) $ 0.082453
neo
NEO (NEO) $ 25.66
celsius-degree-token
Celsius Network (CEL) $ 4.52
okb
OKB (OKB) $ 6.33
compound-ether
cETH (CETH) $ 26.79
compound-usd-coin
cUSDC (CUSDC) $ 0.021465
dai
Dai (DAI) $ 0.998163
leo-token
LEO Token (LEO) $ 1.39
iota
IOTA (MIOTA) $ 0.461387
maker
Maker (MKR) $ 1,383.96
dash
Dash (DASH) $ 119.69
dogecoin
Dogecoin (DOGE) $ 0.008951
binance-usd
Binance USD (BUSD) $ 0.997088
huobi-token
Huobi Token (HT) $ 5.73
zcash
Zcash (ZEC) $ 98.45
yearn-finance
yearn.finance (YFI) $ 33,328.00
filecoin
Filecoin (FIL) $ 22.29
solana
Solana (SOL) $ 3.70
avalanche-2
Avalanche (AVAX) $ 12.48
kusama
Kusama (KSM) $ 105.51
ftx-token
FTX Token (FTT) $ 10.21
ethereum-classic
Ethereum Classic (ETC) $ 7.76
sushi
Sushi (SUSHI) $ 7.03
compound-governance-token
Compound (COMP) $ 209.59
zilliqa
Zilliqa (ZIL) $ 0.073053